Anti-business stance hurts America

Friday

Feb 22, 2013 at 6:00 AM

America is not competitive with half the rest of the countries of the world regarding our taxation, overregulation, and radical government spending. President Obama, his administration, and the Democratic Party are the most anti-business, anti-job administration in our lifetime. Itís only a matter of time before something blows up.

If you have investment offshore, theyíre trapped, because if you try to bring them back to America, they are subject to a punitive American tax rate and you canít afford to do it. Do you invest that money overseas?

The idea of Obamacare, which turned into policy, increases taxes, regulation, and kills jobs. It takes money away from companies that would be given to their employees for health care. This is disruptive to businesses. Itís why businesses hunker down, and investment in capital equipment and job creation remain on the sidelines.

If you look at levels of state, local, and federal government spending, Mr. Obamaís spiked to 54 percent. President Reaganís stopped at 35 percent. You canít take that much wealth from a country and put it into an inefficient organization like government and expect that weíre going to prosper. If a company invested in low-return bad investments like government, it would be out of business in no time.

Mr. Reagan cut taxes, caused the economy to prosper, and created 22 million jobs. Mr. Obama dislikes businesses and profits. This is Mr. Obamaís economy, and heís ruining it.